Solar photovoltaic systems

08 October 2018

Solar panels can help individuals and organisations to reduce energy costs, cut carbon emissions and ultimately, with the right set up, earn you money.

Solar panels

Solar panels

Every hour the sun shines, it sends more energy to Earth than it needs to satisfy global energy needs for an entire year1.
 
Photovoltaic (PV) systems only require daylight, rather than direct sunlight to generate electricity so they work even on a cloudy day. 

What are solar photovoltaic systems?

Solar photovoltaic (PV) systems are often known as solar panels. They directly convert the sun’s light into electricity using solar cells. 
 
Solar panels can help individuals and organisations to reduce energy costs, cut carbon emissions and ultimately, with the right set up, earn you money.
 
The cost of solar panels is falling rapidly too. Bloomberg New Energy Finance reported that the average global price of solar power will become cheaper than coal within the next 10 years. 
 
Solar power is anticipated to generate a significant amount of future global electricity production.  
 
It’s no wonder installing PV systems is growing in popularity.

Earning money from solar panels

Under the Feed-in Tariff (FIT) scheme you can receive a payment from your energy supplier for every kilowatt hour of electricity you generate.
 
You can generate further income through the FIT export tariff by selling any surplus energy you generate, and do not use, back to the grid.  

Solar panels still pose certain risks

While there are many benefits to having solar panels, there are some risks to consider from both an installation and user point of view. For example, ensuring installed panels do not obstruct or restrict use of roof windows as a means of escape. 
 
To help you manage risks from your PV system, you can read our PV guidance notes on safe installation and maintenance of your solar panels.
1https://www.nationalgeographic.com/environment/global-warming/solar-power/